Body Sculpt Conditioning
14 April 2020
Personal trainer Max Jenkins wanted to set up a new gym business in Scarborough. Before coming to Funding Options, he’d already laid the groundwork for his business, but because of changing circumstances and a limited knowledge of what was available in the market, he wasn't sure exactly how much he would need.
We found Max the flexible loan he needed to launch his new gym business in Scarborough
After our first conversations with Max, asset finance seemed like the obvious choice — he would need to buy a large amount of gym equipment to get things up and running. He also showed a solid business plan, and had a leasehold premises arranged for 5 years, so equipment was one of the key missing pieces.
But it soon became clear that it would be better for Max to have some flexibility — so rather than having equipment-specific finance, we looked for a general purpose loan that he could use for balancing cashflow or paying rent as well as getting fitness machines.
Once straightforward asset finance was ruled out, Max had two choices — a sale and leaseback, securing funds against equipment he already owned, or a secured loan over a few years to provide cashflow when needed. Max decided on the secured loan as a better fit for his plans.
Since then, Max has been able to draw funds as and when he needs them. Not only is this a flexible arrangement that gives him the freedom to plan for the future — it also means he only pays for what he uses.
Finding the right finance meant Max could get his new gym fit-for-purpose — and Body Sculpt Conditioning is open for business. Learn more about how a secured loan could do to help finance your business here.
Apply for funding todayBusiness Funding UK
Let us help you find the best business finance solutions in the market. We will guide you through the whole process and make sure you get the best deal.
See your Funding OptionsMatch with 120+ Lenders
It’s free to apply and it doesn’t affect your credit score
Expert help throughout the process
Loans from £1000 to £20M
More customer stories
Factory 45
Factory 45 is a multi-purpose warehouse space above Mercato Metropolitano, Elephant & Castle’s street food market.
Rhodsac Care Home
"Bryony was excellent. She reacted exactly how I wanted and expected a broker to. She was very knowledgeable, efficient, and understanding and was always there to follow up on the application. She was just brilliant."